Energy Realism this past week focused on real climate solutions and the requirement for more domestic energy production. Amid a global energy crunch, surging prices, and broken supply chains all around us, the last thing that we need coming out of COP26 is a climate trade war. David Hart and Stefan Koester realize that carbon tariffs are an obvious dead-end path forward at the worst possible time. A recent report by the Information Technology and Innovation argues that partners like the U.S., EU, UK, and Canada must avoid destabilizing trade frictions that threaten to derail much-needed climate progress and instead work toward a collaborative climate innovation club. In fact, others, apparently including President Biden himself, should realize that the U.S. has been cutting CO2 emissions faster than any other nation. Heather Reams notes that a group of Republican lawmakers are also at Glasgow making clear that we are no longer the problem. Our strategy should be to renegotiate or amend the Paris Agreement in recognition of the sobering reality: by the end of the decade, 90% of emissions will originate outside the U.S. Frank Lasee reports that liberal spending plans will make inflation and surging energy prices even worse. Those pushing the “Biden big spending agenda” must understand that Americans already feel stuck on a treadmill and are unable to make progress toward their financial goals. No matter what, it is quite apparent that the U.S. should be doing all possible to produce more of its own energy, not asking OPEC and Russia for more supply like President Biden has done – incredibly, while blocking more output here at home. For key energy transition materials like copper, lithium, and cobalt, J. Peter Pham knows that we have the resources to stop our worsening reliance on supply chains controlled by China. RealClearEnergy has already shown that climate change demands a U.S. mining revolution. Facts are undeniable: renewables and electric cars are far more mineral-intensive than their conventional counterparts. Indeed, if we want to win on climate, it is time to dig. Essential Reading Patrick L. Anderson & Alston D’Souza, Anderson Economic Group The present study conducts a rigorous analysis of the real-world costs to fuel both types of vehicles, ICE for electric. The primary conclusion here is that EVs can be more expensive to fuel than their ICE counterparts. In the News Argus Media Irina Slav, Oil Price Scott Carpenter, Yahoo Finance David Benoit, The Wall Street Journal Suzanne O'Halloran, Fox Business Tsvetana Paraskova, Oil Price Katy Stech Ferek, The Wall Street Journal Sophia Sleigh, Huffington Post James Mackintosh, The Wall Street Journal Haley Zaremba, Oil Price Euronews Yoweri K. Museveni, The Wall Street Journal DNUYZ Simon Jessop, Carolyn Cohn, Reuters Charles Duncan, Spectrum News PBS NewsHour Sir David Attenborough Gives Statement at COP26 Climate Summit in Glasgow. MSNBC While speaking at the COP 26 climate summit, President Joe Biden said that the United States will aim to reduce its methane emissions by 30 percent by 2030. Biden also said the U.S. could "probably go beyond that." Fox News Fox News host previews his latest 'Tucker Carlson Originals' airing exclusively on Fox Nation. Investor's Business Daily Investor’s Business Daily teamed up with Dow Jones to bring you the best ESG companies of 2021. Borja Monforte of Dow Jones explains why demand for sustainable funds is skyrocketing and breaks down the biggest trends in ESG investing. |